Peering Into Yum Brands's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Yum Brands (NYSE:YUM) has seen a 3.23% increase in short interest since its last report, with 4.47 million shares sold short, representing 1.6% of its float. It would take about 3.59 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Yum Brands has less short interest compared to its peers' average of 9.23%. The rise in short interest doesn't necessarily predict a stock price drop.
December 18, 2023 | 4:30 pm
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NEUTRAL IMPACT
Yum Brands has experienced an increase in short interest, which could suggest bearish market sentiment. However, its short interest is below the peer group average, indicating less bearish sentiment relative to its peers.
The increase in short interest may lead some investors to believe that the market is bearish on Yum Brands. However, since the short interest is below the peer average, it does not necessarily indicate a strong bearish trend. The impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80